| DAEM Latest Updates |
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| Market Overview |
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Crypto market trading volume decreased to $39.52 billion over the past week. Bitcoin prices increased by 1.42% over the week to trade at $34,385 on Wednesday. Ethereum prices increased by 0.83% for the week to $1,799 on Wednesday.
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| Standard Chartered's Zodia Custody Launches Services in Hong Kong |
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Reported by CNBC, Zodia Custody, a subsidiary of Standard Chartered, is launching its services in Hong Kong. Zodia Custody helps financial institutions store their crypto securely.
Julian Sawyer, CEO of Zodia, said that Hong Kong was a market where demand for crypto is driven by institutions, rather than retail customers, adding this is the ideal clientele for Zodia.
Zodia has been expanding aggressively in Asia. Indeed, the company opened its services in Japan, Singapore and Australia in recent months. It is part-owned by Standard Chartered, as well as Northern Trust and Japan's SBI Holdings.
(Source: Coinmarketcap)
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| Thailand's Kasikorn Bank Buys Majority Stake in Satang Crypto Exchange for $103M |
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On October 30 2023, Kasikorn Bank of Thailand (KBANK), Thailand's second-largest bank in terms of assets, deposits, and loans, announced the acquisition of a dominating stake in the parent company of Satang crypto exchange, an established digital assets platform operational in Thailand since 2017.
According to a filing, the deal has a valuation of 3.705 billion Thai baht ($102.8 million) and was done via a new K-Bank subsidiary called Unita Capital, which has a mandate to invest in digital assets companies.
Once the deal closes, Satang will be re-branded to Orbix. The new company will also have three additional subsidiaries: Orbix Custodian, Orbix Invest (a digital asset fund manager), and Orbix Technology, a blockchain technology developer.
(Source: Coindesk)
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| ixCrypto Index Series |
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Affected by overall crypto sentiment and volatility, ixCrypto Index was closed at 6,727 points on Wednesday, up 3.1% for the week; ixBitcoin Index was closed at 8,371 points, up 2.2% for the week; ixEthereum Index was closed at 15,599 points, up 1.7% for the week; ixCrypto Stablecoin Index was closed at 999.76. ixBitcoin SP Index up 2.2% over the week while ixEthereum SP Index up 1.7% over the same period.
| Index | Index Level
(as of 2023-11-01) | Weekly % Change |
| ixCrypto Index | 6727 | +3.1% (+205) |
| ixBitcoin Index | 8371 | +2.2% (+178) |
| ixEthereum Index | 15599 | +1.7% (+263) |
| ixCrypto Stablecoin Index | 999.76 | +0.02060% (+0.20593) |
| ixBitcoin SP Index | 34656 | +2.2 % (+733) |
| ixEthereum SP Index | 1815 | +1.7% (+30) |
Note:
3 ixCrypto Benchmark indexes are rebased to have same base date and level (Base value is 1000 and base date is 3 Dec 2018) for the purpose of easy comparison. The Spot Price Index series provides a single price for the market at every 5 second interval real-time, USD-equivalent spot rate for the most representable coins in the world. Each of the 5-second interval disseminated indexes is an average price of the coin in 10 exchanges which will be reviewed quarterly. They are designed for mark-to-market use.
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| Top 5 Weekly Best Performers |
| Coins | Price | 7 Days Change |
 Arweave | $6.03 | +30.53% |
 Fetch.ai | $0.36 | +28.65% |
 Qtum | $3.12 | +25.97% |
 Solana * | $38.60 | +22.19% |
 Neo | $9.47 | +20.25% |
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| Top 5 Weekly Worst Performers |
| Coins | Price | 7 Days Change |
 Mina | $0.59 | -21.77% |
 Stacks | $0.62 | -10.63% |
 Bitcoin SV | $48.53 | -6.63% |
 Bitcoin Cash * | $244.08 | -4.63% |
 Filecoin * | $3.81 | -3.41% |
Note:
* IXCI Constituents
Above data is based on the top 50 crypto coins by market cap
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| About US |
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IX Fintech Group is a Hong Kong based digital assets award winning company, including HK FinTech Awards, HK FinTech Impetus Awards, IFTA Awards and TADS Awards. The company's mission is to bridge the traditional finance and new digital finance in a secured and compliant way. In the past 3 years, the Group won awards in different areas including cross boarder payment solution, blockchain technology, wealth management and trading platform etc.
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| About DAEM |
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The Digital Asset Exchange Machine (DAEM) is the first next generation De-Fi ATM installed with post quantum computing security. The machine enables the exchange between cash and digital assets (cryptocurrencies, real asset backed tokens, and security tokens). DAEM Technology aims to build the best next generation digital asset financial framework, targeted to facilitate exchange between traditional assets and digital assets. The whole system is truly decentralized, meaning the savings of the customers are all on the blockchain but not in the machine. The machine is also prepared with a full set of KYC function for future regulatory adoption. Every transaction here is tri-protected by network security, time protected token (example OTP) and a patented encryption technology from a Canadian partner IronCAP which supercomputer cannot hack.
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| About ixWallet |
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ix Wallet is a decentralized digital asset wallet launched by ixFintech Group together with DAEM. Users can easily manage their digital assets and conduct transactions through the wallet APP. All user assets are stored on the blockchain similar with DAEM. In addition, ixFintech has cooperated with two overseas technology companies to apply their patented digital ID verification solutions and post-quantum encryption technology to the ixWallet, and build the e-wallet of choice to move in line with the world digital asset development and customer demand.
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